The size of xcritical reviews the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for Coinbase Global. Coinbase Global, Inc offers a range of tools for traders and investors. The company offers a primary financial account in the crypto-economy for businesses and consumers alike. The primary account, often referred to as a wallet, allows owners to buy, sell, trade, send, and receive cryptocurrencies supported by the platform. Coinbase Global supports well over 200 different cryptocurrencies and the number is growing so the potential application is very broad.
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Privacy Policy | No cost, no obligation to buy anything ever.Past performance is no guarantee of future results. The facts discussed here and much other information on Zacks.com might help determine whether or not it’s worthwhile paying attention to the market buzz about Coinbase Global. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term.
Coinbase Global, Inc. Class A
These tools are supported by a suite of White-label solutions and API interfaces that can power cryptocurrency transactions and services for any business. Coinbase Global, Inc. is among the world’s largest and foremost cryptocurrency exchanges. The company provides financial infrastructure and technology for the cryptocurrency economy in the United States and internationally. Coinbase Global, Inc. was founded in 2012 and is based in Wilmington, Delaware. Coinbase stock price has crashed into a bear market this year as the crypto industry remains on edge, with most coins crashing. COIN shares plunged to a low of $176 this month, down by almost 50% from…
Fintech stocks were some of the biggest decliners on Monday as the Nasdaq suffered its steepest drop since 2022. Crypto-related companies Robinhood, Coinbase and Strategy all notched double-digit decl… While Coinbase Global Inc.’s COIN trading volumes have decelerated significantly, investors seem to be underestimating the potential of the company’s non-trading revenue streams, according to Rosenbla… “While dismissal will be a major win for the rule of law – and a clear vindication of our position – most of all it will be a win for the entire industry and the 52 million Americans who have owned a digital asset,” Grewal wrote. “SEC staff has agreed in principle to https://xcritical.solutions/ dismiss its unlawful enforcement case against Coinbase, subject to Commissioner approval – righting a major wrong,” Paul Grewal, Coinbase’s chief legal officer, said in a blog on the exchange’s website. Regulatory clarity will result in more competition for Coinbase from fintech companies, brokers and banks, the report said.
An improving regulatory backdrop under Donald Trump’s new administration is viewed as a huge tailwind for digital assets, and the President has promised to make the U.S. the “crypto capital of the world.” Coinbase Global, Inc. (COIN Quick QuoteCOIN – Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. That’s a bit of a relief, which likely gave businesses and analysts some space to rethink their outlooks. Earlier, the administration had hinted at much broader tariffs that could have hit any country placing duties on U.S. imports, so this shift was xcritical reviews likely a welcome surprise for the market.
The potential acquisition could mark a strategic move for Coinbase, already the largest U.S.-based crypto exchange, as it seeks to strengthen its position in the global derivatives market. There has been a shift in investor sentiment toward bitcoin (BTCUSD) and the broader crypto markets since President Donald Trump, who has backed the industry, was re-elected late last year. Additionally, a more crypto-friendly Congress holds the promise of greater regulatory clarity for the industry that had often criticized the SEC’s previous enforcement-heavy approach.
Coinbase Global, Inc. (COIN) is Attracting Investor Attention: Here is What You Should Know
A higher fair value than the current market price drives investors’ interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.
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New users may also earn free cryptocurrencies by participating in the company’s education program. The program informs users of new cryptocurrencies and rewards them for their time. Bernstein initiated coverage of the crypto exchange with an outperform rating and a $310 price target. About 41% of Wall Street analysts have a buy rating on the stock, 7% sell and the rest hold, according to FactSet data. Without considering a stock’s valuation, no investment decision can be efficient.
Key Stats
This suggests the Fed sees the macro tilting towards a stagflation scenario, where inflation rises as economic growth slows. Coinbase Global scored higher than 93% of companies evaluated by MarketBeat, and ranked 126th out of 934 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Crypto stocks have remained on edge in the past few weeks as Bitcoin and other altcoins have pulled back.
Discover which analysts rank highest on predicting the price target of COIN. Discover which analysts rank highest for COIN overall weighted by direction, price target, and price movement. Bitcoin (BTC) price hovers around $87,000 on Wednesday after recovering 4% in the last three days.
- Crypto stocks have remained on edge in the past few weeks as Bitcoin and other altcoins have pulled back.
- Coinbase Global supports well over 200 different cryptocurrencies and the number is growing so the potential application is very broad.
- The company provides financial infrastructure and technology for the cryptocurrency economy in the United States and internationally.
- Top institutional investors of Coinbase Global include Vanguard Group Inc. (7.36%), Susquehanna International Group LLP, Jane Street Group LLC and Citadel Advisors LLC.
Coinbase Global, Inc. (COIN)
Bitcoin price has retreated by over 10% from its all-time high, triggering a bigger sell-off o… COIN analyst views the stock as a balanced risk/reward opportunity for investors and long-term growth winner in the cryptocurrency sector. Select to analyze similar companies using key performance metrics; select up to 4 stocks. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
Services Overview
Asides from a solid instuitonal customer base as the largest options trading plaform for BTC and ETH, Deribit also holds an active license to operate in Dubai. Against this backdrop, Coinbase’s decision to pursue this acquisition deal appears to be a strategic move to expand into the Middle Eastern market. The crypto industry is expected to join the financial mainstream in the U.S. as the regulatory environment improves, and Coinbase (COIN) is well positioned to benefit from these tailwinds, broker Bernstein said in a report Monday. Here at Zacks, we prioritize appraising the change in the projection of a company’s future earnings over anything else. That’s because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
The company employs roughly 5,000 people and serves clients in more than 100 countries. The company lists more than 200 assets for trading and over 350 for custody purposes. While Bloomberg’s latest report suggests negotiations are progressing, it remains unclear whether Coinbase and Deribit have reached a final agreement. The options trading platform was previously reported to be valued between $4 billion and $5 billion, making this one of the most significant acquisition talks in the crypto industry to date.
Which stocks are hedge funds and endowments buying in today’s market? Enter your email address and we’ll send you MarketBeat’s list of thirteen stocks that institutional investors are buying now. Armstrong is a co-founder, Chairman of the Board, CEO, and president of Coinbase and the driving force behind the business. One of his many innovations is making Coinbase Global, Inc a “remote-first” business which means there is no official corporate headquarters. The company operates offices in 12 cities around the world, however, and leases space when there is a concentration of employees in a new area. Rosenblatt analyst Chris Brendler initiated coverage on Coinbase Global COIN with a Buy rating and a price target of $305.
Coinbase CEO Brian Armstrong on SEC dismissing litigation and stock rallying on the news. Coinbase Global remains a stable and secure exchange, especially in light of the recent Bybit heist, maintaining its reputation and premium fees. In February, twenty-three new analysts joined Seeking Alpha, offering diverse stock picks and insights, from biotech to automotive and energy sectors. Coinbase CEO Brian Armstrong joined Yahoo Finance Senior Reporter Jennifer Schonberger after attending the first-ever White House crypto summit. Coinbase’s revenue is split into transactions and subscriptions & services, with the latter showing consistent growth and becoming increasingly important for long-term profitability.